“Payjoin makes it much harder to be sure who received how much money.”
Recently, this Wallet integrated silent payments, although these could present errors.
Privacy technologies seem to be gaining ground. As Cryptonoticias reported, Wallet of Satoshi would have received approval to offer in the US A Wallet of Self -Custody without Kyc. Now, Cake Wallet integrated Payjoin V2, a technique that strengthens the confidentiality of Bitcoin transactions.
According to the Satsie’s Pocket Guide to Payjointhis second iteration of the Payjoin protocol, developed since 2023, has gained renewed relevance thanks to its recent incorporation into this mobile wallet. This advance, combined with the support for Silent Payments Recently integrated in Cake Walletpositions the purse as a useful tool to protect privacy in the Bitcoin network.
Payjoin V2, as detailed in the official Payjoin.org site, It is an evolution of Payjoin’s original conceptalso known as Pay-To-Mendint (P2EP). This mechanism allows both the payer and the receiver to contribute with entries (inputs) to a Bitcoin transaction, breaking with the common assumption that All entries in a transaction belong to the same entity.
By including tickets from both parties, Payjoin V2 hinders the analysis by surveillance companies, since the resulting transactions resemble regular payments. In a nutshell, “Payjoin makes it much harder to be sure who received how much money,” according to Payjoin.org.
Payjoin V2 helps to climb transactions in Bitcoin
In addition to improving privacy, this characteristic It contributes to the scalability of Bitcoin through the use of lots by lots (bATCHING TRANSACTS).
By consolidating multiple payments in a single transaction, the number of operations registered in the chain is reduced, optimizing the use of space in the blocks and decreasing the long -term commissions. According to Satsie’s Pocket Guide, all Bitcoin users can benefit from the use of this tool: “The advantages are proportional to the adoption level. All benefit from the generalized use of Payjoin.” Currently, only Bull Bitcoin uses Payjoin V2. Others still support the V1, which requires its own servers, which is a technical barrier for new users. This version will be depreciated soon in favor of the V2, According to Payjoin.
Payjoin V2 implementation in Cake Wallet, announced in its official blogintroduce practical improvements for users. Unlike previous versions that require that both parties were online simultaneously, Payjoin V2 eliminates this restriction, allowing asynchronous transactions. In addition, it does not depend on external servers, which simplifies the process and reduces failure points.
Recently, Cake Wallet has integrated Silent Payments, a protocol described in detail by cryptootics as a significant advance in Bitcoin’s privacy. The Silent Payments, based on the BIP-352 standard, They allow users to receive payments using a static address without revealing other data.
Unlike traditional transactions, where public addresses can be tracked on the network, this mechanism uses cryptography to generate unique tanks of only one use. This hides the relationship between the sender and the receiver, making the transactions indistinguishable from other Taproot payments in the network. That said, the implementation of silent payments in Cake Wallet could be presenting certain problems.
A developer reports error at Silent Payments in Cake Wallet
Three months ago, Bitcoin developer, Peter Todd, commented It was impossible to use Silent Payments in the purse after several attempts. “Has anyone else managed to make the Wallet Cake work with silent payments? Every time the scan of silent payments acts, scan several dozen blocks and then stop. This, in practice, makes the silent payments useless,” said Todd, reflecting the fact that these payments focused on privacy are still in an experimental phase and its use can still be limited by technical difficulties.
The same developer ratified his words on May 20, commenting that still You can’t use silent payments With Cake Wallet.
Boom in privacy technologies with Bitcoin
The combination of Payjoin V2 and Silent Payments in Cake Wallet represents an effort to address the privacy limitations inherent to Bitcoin, a network where all transactions are public, pseudoanonym and potentially traceable.
While Payjoin V2 breaks the “heuristics”, terms used by Payjoin’s documentation, common property of entries, Silent Payments eliminates the need to generate new addresses for each private transaction.
Both technologies, although different in their approach, share the objective of making it difficult to monitor funds by third parties. This is critical in an environment where analysis companies such as chainysis or arkham intelligence They have perfected methods to discourage transactions.
The impact of these innovations transcends the individual experience of the user. As Payjoin.org points out, Payjoin’s widespread adoption could significantly weaken the assumptions on which the distributed accounting surveillance tools are based, improving Bitcoin’s fungibility.
This is especially relevant for merchants and exchange platforms that handle large volumes of transactions, since the use of lot transactions reduces operating costs. According to Payjoin.org, This tool allows Save 16% in commissions By transaction in Bitcoin.
For its part, Silent Payments offers a solution for those who seek simplicity through unique directions of several uses, although its implementation is still in an experimental phase. As Cryptonotics reported, this solution was already implemented by a hardware wallet: Bitbox02.
